Moses’ Free Stock Scan – August 1, 2014

August 3, 2014

Moses’ Free Stock MACD Screening Results for August 1, 2014 Singapore Stocks

Welcome to Moses’s Stock Column at AmiBrokerAcademy.com.  Thank you for visiting the site. One of the reasons you are here because you want to know which stocks will move.

 Lesson

Use Oscillators such as MACD to Warn the End of a Trend

Oscillator is data move back and forth between two points such as zero (0) and one hundred (100).  It can be used like a “on” and “off” switch, or “buy” and “sell”. But there is a lot of fail signals. Divergence can improve the reliability of oscillator.

Oscillators can be invaluable guides for trading. Therefore learn how to intemperate what information oscillators try to reveal to you.

Besides that oscillator indicators can be used as a leading indicator to provide warning on end of a trend.

Divergence with oscillator indicator provides an opportunity to buy near the bottom or to sell bear the top.

Remember, all set up can fail, the rule of the game never believe a word until you see the confirmation such as trendline break. It is just like traffic light. You don’t stop at the traffic light always unless it is red. So, wait for confirmation. Confirmation helps in reduce your risk.

Free MACD Scan

This site provides you the free MACD scan for Singapore stocks.

This is August 1, 2014, Friday Singapore stocks that have the following MACD signals, which have trading volume greater than 500,000 shares.

Total 85 stocks have MACD bullish and bearish signals, of which only 46 stocks are traded more than 500,000 shares.  Only 5 stocks have bullish MACD signals, and 41 stocks have bearish MACD signals. Looks the bulls are out of town again.

1. MACD line crosses above MACD signal – Bullish trend
2. MACD line crosses above zero line – Bullish trend
3. MACD Histogram +ve Divergence – Bullish trend
4. MACD line crosses below MACD signal – Bearish trend
5. MACD line crosses below zero line – Bearish trend
6. MACD Histogram -ve Divergence – Bearish trend
7. Volume traded greater 500,000 shares

Straits Times Index

August 1, 2014, Friday Straits Times Index, STI closed at 3344.42 points, STI gaps down and closed low at 29.64 points from the last closed at 3374.06 points.

Many felt that STI closed low was due to US market. True? Not true? Will show the comparison of Dow Jones Industrial Average and S&P 500 in the next posting.

STI, Straits Times Index, August 1, 2014 Daily Chart

Thanks for visiting the site, AmiBrokerAcademy.com.

Moses

DISCLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.